APA Corporation [NASDAQ: APA] loss -3.43% on the last trading session, reaching $44.16 price per share at the time. The company report on January 18, 2023 that APA Corporation Provides Fourth-Quarter 2022 Supplemental Information and Schedules Results Conference Call for Feb. 23 at 10 a.m. Central Time.
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APA Corporation represents 329.00 million in outstanding shares, while the company has a total market value of $14.08 billion with the latest information. APA stock price has been found in the range of $44.12 to $45.66.
If compared to the average trading volume of 6.11M shares, APA reached a trading volume of 4941751 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about APA Corporation [APA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APA shares is $53.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APA stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for APA Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 25, 2023. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $52 to $44. The new note on the price target was released on January 24, 2023, representing the official price target for APA Corporation stock. Previously, the target price had yet another drop from $52 to $48, while Mizuho kept a Underperform rating on APA stock.
The Average True Range (ATR) for APA Corporation is set at 1.73, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 24.26, with the Price to Cash per share for the same quarter was set at 0.84. Price to Free Cash Flow for APA in the course of the last twelve months was 3.18 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for APA stock
APA Corporation [APA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.65. With this latest performance, APA shares dropped by -2.26% in over the last four-week period, additionally plugging by 18.81% over the last 6 months – not to mention a rise of 34.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APA stock in for the last two-week period is set at 47.64, with the RSI for the last a single of trading hit 46.01, and the three-weeks RSI is set at 48.59 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 45.05, while it was recorded at 44.68 for the last single week of trading, and 41.24 for the last 200 days.
APA Corporation [APA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and APA Corporation [APA] shares currently have an operating margin of +33.71 and a Gross Margin at +40.98. APA Corporation’s Net Margin is presently recorded at +12.19.
APA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.
APA Corporation [APA]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for APA Corporation go to 29.45%.
An analysis of insider ownership at APA Corporation [APA]
There are presently around $11,559 million, or 82.40% of APA stock, in the hands of institutional investors. The top three institutional holders of APA stocks are: VANGUARD GROUP INC with ownership of 40,671,960, which is approximately -2.418% of the company’s market cap and around 0.39% of the total institutional ownership; BLACKROCK INC., holding 25,768,797 shares of the stock with an approximate value of $1.14 billion in APA stocks shares; and STATE STREET CORP, currently with $995.83 million in APA stock with ownership of nearly -1.291% of the company’s market capitalization.
Positions in APA Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 336 institutional holders increased their position in APA Corporation [NASDAQ:APA] by around 26,316,496 shares. Additionally, 318 investors decreased positions by around 36,012,717 shares, while 107 investors held positions by with 199,412,959 shares. The mentioned changes placed institutional holdings at 261,742,172 shares, according to the latest SEC report filing. APA stock had 113 new institutional investments in for a total of 8,148,191 shares, while 71 institutional investors sold positions of 2,740,042 shares during the same period.